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The rental application process does not end with completing the application. Most property managers or landlords prefer to obtain additional information before applications are approved. While each property owner uses a different formula, there are generally 5 questions renters get asked before leases are approved. Being prepared in advance can help a person who is waiting the approval status for a rental application.
1. How Many People Plan to Live in the Home?
Landlords and property owners need to be aware of exactly how many people are living in a rented space. This is due to compliance with health and safety laws that are enacted in most cities. Insurance rates are often based on the amount of risk that a home is assed to have. Finding out who will live in a home is essential to property owners.
2. Are You Employed or Self-Employed?
A steady job is usually a requirement for most employment applications. This question is usually asked to help judge the long-term financial status of a renter. A person who has been employed for more than one year appears better than one who has a long history of short employment. A self-employed person can also have higher risks of rental default due to the nature of independent income generation. Being honest about employment status can improve the success rate of application approvals.
3. What Condition is Your Credit?
For landlords or property owners who pull credit reports, knowing the state of a renter’s credit is essential. Not all people are honest when asked about the status of credit. Some people dispute negative credit items before applying for a rental home. Honesty during the credit review and follow up process can go a long way in the eyes of a property owner.
4. What is the Reason for Moving?
The answer to this question is more important than most people think. If a person moves because of landlord issues, this could be a sign that a renter is hard to deal with. Most property owners prefer to have renters who do not cause problems during the rental term. A person who has switched jobs, downsized housing or recently relocated is often the best candidate for rental application approval.
5. Do You Have Pets?
Not all homes make great living areas for pets. The extra liability that can come with pet ownership might be negative to a property owner. The cleanup of pet stains and other remnants can also be one reason why some companies do not allow pets inside rental homes. Opening up about pet ownership and future ownership of pets could be the deciding factor when applications are approved.
The homes that are viewable in the portfolio listed on this website offer immediate occupancy to renters. The online application requests that can be made can help speed up the rental process. Showings are available immediately for all homes that are rentable using this rental resource online.